Tuesday, June 9, 2009

All Time Reminder For Trader

1. "Always Assume The Underlying Trend To Continue Unless Proven Otherwise.."

2. " The Chartist knows that there are reasons why markets go up or go down, he or she just doesn't believe that knowing what those reasons are necessary in the forecasting process" John J. Murphy

3. " Most people are trading for the adrenaline rush rather than the boring concept of just maximizing profits"...

4. " Winners have the discipline to take what is offer and use it to succeed. Wining take discipline, discipline come from confidence and the only system in which you can have confidence is the one you have tested on your own and adapted to your own style..."

5. "Stay focused on what you need to learn, do the work that is necessary, and your belief in what is possible will naturally expand as a function of your willingness to adapt" ... Mark Douglas, "The Disciplined Trader"

6. "Technical Indicators help identify trends etc.. & its approach is more objective as compare to using a chart patterns. However, you must be careful, not fiddle with indicators until they tell you what you want to see especially if you adjust the indicators setting.. "

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